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Hackneyed histrionics


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w?s=%5EAORD

 

 

A selloff day on reasonable volume leaving All Ords -1.6%. Most sectors were down over a percent with Miners/Materials -2.2% and Financials -1.9% seeing the most selling. REITS -0.4% fared the best.

 

Lesser red in Asia: China -0.4%, Honkers -0.6%, India -0.4% and Nikkers -0.2%.

 

 

On to UK/Europe:

 

 

image;size=239x110

 

 

 

image;size=239x110

 

 

 

image;size=239x110

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Money printing result in graphic form...

 

MI-BN582_SUBPRI_D_20120215185401.jpg

 

Same old, same old

 

[1]Steal The Assets

The Federal Reserve Bank of New York recently sold subprime bonds it took on in the 2008 bailout of American International Group Inc...

 

[2] Sell to "friends" on the cheap

The New York Fed sold bonds with a face value of more than $13 billion to two Wall Street dealers via large-scale auctions, fetching more than $6 billion in cash.

[3] Friends finance purchase by borrowing money from seller @ 0% and then distribute inventory and pocket acres of diamonds virtually risk free

The banks—Goldman Sachs Group Inc. and Credit Suisse Group AG—in turn have been reselling the bonds to investors including hedge funds, insurance companies and pension funds looking to lock in high yields over the next several years.

 

Urinal

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The dicks over at ZeroCred have had no problem in the past blathering on about stock fund outflows when the market was getting pasted

 

Now that it's market up and funds are showing inflows -- suddenly "no comment"

 

Funny thing that

 

Yeah, their views are very bias. It's hard to use any of that information to make money.

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The dicks over at ZeroCred have had no problem in the past blathering on about stock fund outflows when the market was getting pasted

 

Now that it's market up and funds are showing inflows -- suddenly "no comment"

 

Funny thing that

 

I think that's how human mind works in general. We take a bullish or bearish position and subsequently only look to reinforce that opinion.

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